HomeMy WebLinkAboutOrd 5074 12/21/1999 ORDINANCE NO. J 0 ? 4
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 1999 AND ENDING DECEMBER 31, 1999
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 21 day of December , 1999
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 21 day of December , 1999.
ORDINANCE NO. 5 0 7 4
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 1999 AND ENDING DECEMBER 31, 1999
NOW THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the Village
of Mount Prospect, Cook County, Illinois:
.Section 1: That the sum of One Million Five Hundred Fifteen Thousand Four Hundred Sixty-
Four Dollars ($1,515,464), the same being the total amount to be levied of budget appropriations
heretofore made for the municipal purposes for the fiscal year beginning January 1, 1999, and
ending December 31, 1999, as approved by the President and Board of Trustees of the Village of
Mount Prospect, be and the same is hereby levied on all taxable property within the Special
Service Area Number 5 of the Village of Mount Prospect according to the valuation of said
property as is, or shall be, assessed or equalized by State and County purposes for the current year
1999. The budgetary appropriations having been made heretofore by the President and Board
of Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 4980
at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois on the
15th day of December, 1998, and thereafter duly published according to law, the various objects
and purposes for said budgetary appropriations were heretofore made are set forth under the
column entitled "Amount Budgeted," and the specific amount herein levied for each object and
purpose is set forth under the column entitled "Amount Levied" in Article I.
Section 2: That the sum of Thirty Nine Thousand One Hundred and Fifty-five Dollars
($39,155), the same being the total amount to be levied of budget appropriations heretofore made
for the municipal purposes for the fiscal year beginning January 1, 1999, and ending
December 31, 1999, as approved by the President and Board of Trustees of the Village of Mount
Prospect, be and the same is hereby levied on all taxable property within the Special Service Area
Number 6 of the Village of Mount Prospect according to the valuation of said property as is, or
shall be, assessed or equalized by State and County purposes for the current year 1999. The
budgetary appropriations having been made heretofore by the President and Board of Trustees of
the Village of Mount Prospect were passed and approved by Ordinance No. 4980 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 15th day of
December, 1998, and thereafter duly published according to law, the various objects and purposes
for said budgetary appropriations were heretofore made are set forth under the column entitled
"Amount Budgeted," and the specific amount herein levied for each object and purpose is set forth
under the column entitled "Amount Levied" in Article II.
Amount Amount
Budgeted Levied
ARTICLE I - SPECIAL SERVICE AREA NO. 5
61 Lake Water Aemfisifi0n
615512-540800 SSA//5 JAWA Water $1,499,200 $ 370,464
615512-540815 SSA #5 JAWA FLxed Costs 1,145,00 1,145,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION $ 2,644,200
AMOUNT TO BE RAISED BY TAX LEVY $1,515,464
ADD 2% FOR LOSS & COST OF COLLECTION 30,309
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 $1,545,773
ARTICLE II - SPECIAL SERVICE AREA NO. 6
83 S~eeial Service Area No. 6 Bonds & Interest
838106-710607 SSA g6 Principal $ 25,000 $ 25,000
838106-720608 SSA #6 Interest 14.155 14,155
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BONDS & INTEREST $ 39,155
AMOUNT TO BE RAISED BY TAX LEVY $ 39,155
ADD 2% FOR LOSS & COST OF COLLECTION 783
TOTAL AMOUNT TO BE RAISED BY TAX LEVY
FOR SPECIAL SERVICE AREA NO. 6 $ 39.938
SUMMARY
Amount Amount Total Tax Levy
Amount To Be Raised For Loss Including
ARTICLE Budgeted By Tax Levy And Cost Loss & Costs
I Special Service Area No.5 $2,644,200 1,515,464 30,309 1,545,773
II Special Service Area No.6 39,155 39,155 783 39,938
2
ection 3: That the County Clerk is directed to add 2% to the requested tax levy as a provision
for loss and cost.
Section 4: That the Village Clerk of the Village of Mount Prospect is hereby directed to certify
a copy of this Ordinance and is hereby authorized and directed to file a copy of the same with the
County Clerk of Cook County, Illinois, within the time specified by law.
Section 5: That, if any part or parts of this Ordinance shall be held to be unconstitutional or
otherwise invalid, such unconstitutionality or invalidity, shall not affect the validity of the
remaining parts of this Ordinance. The President and Board of Trustees of the Village of Mount
Prospect hereby declares that they would have passed the remaining parts of the Ordinance if they
had known that such part or parts thereof would be declared unconstitutional or otherwise invalid.
Section 6: That this Ordinance shall be in full force and effect from and after its passage,
approval, publication in pamphlet form and recording, as provided by law.
AYES: Corcoran, Hoefert, Lohrstorfer, Nocchi, Skowron, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED THIS 21 Day of December , 1999
ATTEST: ~ - ~erald L. Parley, Vfllag~nt
~elma W. Lowe, Village Clerk